Household formation by the young in the United States

A model of household formation by the young is specified and estimated. It was found that the headship rate for the young in the United States depends on income, the cost of housing, the number of families receiving AFDC payments, the age at first marriage for females and for males, and the percentage of males enrolled in college. Household formation by the young is much more sensitive to changes in income and the price of housing than household formation by the entire adult population. The estimated results are used to examine the change in the headship rate from 1961 to 1979 and from 1979 to 1987.     

Effects of Consumers’ Efforts on Price and Promotion Fairness Perceptions

This research examines how consumers’ efforts as a nonmonetary sacrifice influence their price and promotion fairness perceptions in the context of price promotions. Multiple studies using different price promotion tactics demonstrate that consumers’ perceived level of effort to obtain a reduced price negatively influences their fairness perceptions when they deny the promoted price. Exploring the underlying mechanisms of this effect, we show that the amount of effort consumers exert to obtain a promoted price leads to their feeling of deservingness and entitlement. When the promoted price is denied, this feeling of entitlement is violated, causing unfairness perceptions to occur. The research demonstrates that, in addition to retailers’ actions such as price changes, consumers’ actions, in the form of their effort input, are also an important determinant of fairness perceptions.     

THE EFFECT OF GOVERNMENT POLICY ON TOBACCO ADVERTISING STRATEGIES

This paper contributes to the very limited literature examining the factors determining tobacco companies' advertising strategies. The paper explores whether firms in the UK tobacco market significantly changed their advertising expenditure in the face of proposed changes to the UK and European Commission tobacco advertising legislation. The results suggest that changes in legislation have little impact on firms' advertising strategies for existing brands, but that legislative changes impact upon product launch dates. Our results also offer some information on the nature of firm interdependencies in the UK tobacco industry.     

Book Reviews

This paper explores the ways in which tourism development has resulted in new and competing forms of territoriality in the Peruvian Andes. In a predominantly subsistence economy, the income opportunities offered by tourism have intensified conflicts relating to territorial control. Analysis focuses on a dispute between the direction of the Lake Titicaca National Reserve and the Uros, an indigenous group living within the Reserve. Both have attempted to enforce their authority over the Reserve’s territory in order to control tourism flows and revenues. The Uros strive for the establishment of their own Communal Reserve, creating a new territorial division based on ethnic criteria. The elaboration of contradicting tourism use plans has created multiple normative frameworks used by both parties to support their claims for authority over the contested territory.     

Content analysis research method with Nvivo-6 software in a PhD thesis: an approach to the long-term psychological effects on Chilean ex-prisoners survivors of experiences of torture and imprisonment

The aim of this paper is to review the usefulness of the software CAQDAS QSR—Nvivo-6 in a PhD. Thesis, which consisted of finding the long-term psychological effects of experiences of imprisonment and torture for political reasons in their Chilean survivors. For this research, it was created and administered an in-depth interview to 60 survivors, from which outcome was 9900 paragraphs, coded into 784 categories. The software QSR Nvivo-6 threw a report of frequencies, which were compared quantitatively using Pearson’s χ ² square test and cluster analysis. We conclude that the software facilitates the development of qualitative thematic content analysis, simplifying the coding, analysis and display of data. In Addition, it is very useful when working with large quantities of information, promoting the reliability and validity of studies. However, other aspects are also required to ensure the rigor of a qualitative study.     

Non-market valuation of forest goods and services: Good practice guidelines

The European COST Action E45 on European Forest Externalities (EUROFOREX) participants developed a set of good practice guidelines for the non-market valuation of forests, elaborating on stated and revealed preference methodologies, as well as benefit transfer and meta-analytical procedures. This article presents a summary of the guidelines.     

A reply to the comment of Franke and Andrews on ‘The economics of tobacco advertising: spending,demand and the effects of bans’

In this paper, the authors respond to comments made by Franke and Andrews on their earlier paper, published in issue 22(1) of the International Journal of Advertising.     

FDI and the Export Performance of Chinese Indigenous Firms: a Regional Approach

The primary purpose of this paper is to examine the impact of Foreign Direct Investment (FDI) on the export performance of Chinese indigenous firms. A panel data analysis is employed using data across 29 provinces over the 1985–99 period. Owing to the exceptionally uneven distribution of FDI, the analysis compares the impact of FDI on all provincial exports and exports of indigenous firms over the three macro-regions of China. While the findings of the empirical analysis should be viewed with caution, they do show that FDI has less influence on the export performance of indigenous firms than on all firms (foreign and indigenous). The findings imply that linkages between the foreign and domestic sectors need to be improved if FDI is to be a vehicle for improving the competitiveness of domestic firms. Alternatively, policies may have to be directed towards the indigenous firms themselves to enhance their export performance.     

Segmental Reporting: A Preparers' Perspective

Following the introduction of Statement of Standard Accounting Practice 25, Segmental Reporting, companies must now report turnover, result and net assets analysed by geographical segments and business classes. This paper, unlike most previous research into segmental reporting, focuses on the preparers of accounts. The empirical study, based on information obtained by a questionnaire survey, has two objectives. First, to investigate the preparers' perceptions of the usefulness of segmental information and second, to identify which criteria were used to select reportable segments. The results show that the reported selection criteria have discarded or ignored many of the suggestions identified in previous academic literature and in the standard, in favour of pre-existing organisational groupings. The responses also indicate that preparers doubt the usefulness to shareholders of the reported information.     

Cross-selling,switching costs and imperfect competition in British banks

This paper attempts to evaluate the competitiveness of British banking in the presence of cross-selling and switching costs during 1993–2008. It presents estimates of a model of banking behaviour that encompasses switching costs as well as cross-selling of loans and off-balance sheet transactions. The evidence from panel estimation of the model indicates that the consumer faced high switching costs in the loan market in the latter part of the sample period, as a result of weaker competitiveness in the loan market. Additionally, the weaker competitiveness in the loan market appears to facilitate the cross-selling behaviour of British banks, which helps explain the rapid growth of non-interest income during the last two decades.